Enerflex (TSE:EFX) Stock Price Expected to Rise, TD Securities Analyst Says

Enerflex (TSE:EFX) had its price target raised by TD Securities from C$28.00 to C$39.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 27.41% from the stock’s current price.

A number of other analysts have also recently issued reports on EFX. Canadian Imperial Bank of Commerce increased their price objective on Enerflex from C$11.50 to C$15.25 and gave the stock a “neutral” rating in a report on Friday, November 7th. Raymond James Financial cut Enerflex from a “strong-buy” rating to a “moderate buy” rating and set a C$26.00 price target on the stock. in a research report on Wednesday, February 4th. Royal Bank Of Canada increased their price target on shares of Enerflex from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. ATB Cormark Capital Markets set a C$26.00 price objective on shares of Enerflex and gave the company an “outperform” rating in a research note on Friday, December 19th. Finally, BMO Capital Markets upped their target price on shares of Enerflex from C$27.00 to C$35.00 and gave the stock an “outperform” rating in a report on Thursday. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Enerflex has an average rating of “Moderate Buy” and an average price target of C$24.97.

Enerflex Stock Down 3.9%

EFX opened at C$30.61 on Friday. Enerflex has a 12 month low of C$8.74 and a 12 month high of C$32.13. The company has a market cap of C$3.73 billion, a PE ratio of 27.83 and a beta of 2.41. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 81.27. The company has a 50 day moving average of C$23.68 and a 200 day moving average of C$19.15.

Enerflex (TSE:EFX) last posted its earnings results on Wednesday, February 25th. The company reported C$0.28 earnings per share (EPS) for the quarter. The firm had revenue of C$821.97 million for the quarter. Enerflex had a negative return on equity of 8.76% and a negative net margin of 3.72%. On average, sell-side analysts expect that Enerflex will post 0.734413 EPS for the current year.

About Enerflex

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company’s focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as a coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression. Enerflex operates three business segments: the USA, Rest of World, and Canada.